Ethereum Latest Updates: Major Institutions Accumulate ETH Holdings as Bulls Eye Ether Surge Beyond $6K
- Ethereum institutions amassed $13B+ ETH treasuries via $251M Kraken/BitGo purchases, signaling bullish long-term conviction despite short-term dips. - Technical analysis highlights $3,670-$3,870 support holding firm, with $6,000-$7,000 breakout potential aligned to 2023-2025 ascending channel patterns. - CME Group reported $9B ether options open interest and record ETH/SOL/XRP futures volume, reflecting U.S. institutional shift from offshore crypto markets. - XRP's $100M+ U.S. ETF debut with 40% hedge fu
As of late October, the ether options market continued to show strong open interest at $15 billion, with institutional investors and analysts closely monitoring significant price thresholds as part of a broader focus on Ethereum’s future value. Despite recent price swings, substantial accumulation by leading firms and technical signals point to the possibility of a breakout toward $6,000 or even $7,000, according to
Short-term market declines have not shaken institutional faith in
Technical indicators also reinforce the positive outlook. Ethereum’s price has found stability above the crucial $3,670 to $3,870 support zone, which now acts as a base for a potential upward move. Should this level remain intact, the asset could challenge $5,600—a 40% increase from current prices—matching the upper edge of a long-term rising channel established since 2023, as also noted in the Coinpedia analysis. Crypto analyst Ali Martinez has raised his short-term target to $4,440, citing a bounce from the lower boundary of a descending parallel channel. Other traders, such as Merlijn, have compared Ethereum’s setup to gold’s rally in 2024, suggesting ETH could follow a similar path to five-figure prices, a view echoed in the Yahoo Finance article.
Institutional demand for regulated crypto derivatives has also grown, with CME Group reporting record open interest of $9 billion in its ether,
Institutional adoption of XRP has further fueled this trend. The first U.S. spot XRP ETF has surpassed $100 million in assets, with hedge funds and family offices accounting for 40% of holdings. CME’s XRP futures have recorded $26.9 billion in notional volume since launching in May, reflecting growing trust in the asset’s utility and regulatory standing, as reported by
Although Ethereum is currently trading at $3,880, both technical and institutional factors suggest a bullish outlook. With critical support levels holding and significant accumulation by major players, the prospect of reaching $6,000 or higher is becoming more likely—especially if favorable macroeconomic and regulatory conditions persist.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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